Blockchain Technology Compliance with the European Union (EU) General Data Protection Regulation (GDPR)

Essay from the year 2020 in the subject Computer Sciences - Internet of Things, IOT, grade: 1.0, Oxford University (Faculty of Law), language: English, abstract: In this essay, I will argue that the GDPR is slowing down technology progress in the EU with respect to the Blockchain technology. The blockchain is of particular interest to me as I detected the potential legal issues and impact of blockchain technology within my professional work. I identified several legal ramifications in different fields of law, that I believe will raise major problems in the near future. Moreover, it is not currently certain how United Kingdom will treat the international law internally after Brexit, as Article 3 GDPR is limiting the spatial application area to the European Union and processes taking place in this terrain. I will outline these problems here.